GBPUSD Weekly Analysis – August 5, 2023
GBPUSD is in a long-term uptrend from 1.0352, and the pullback from 1.3141 can be seen as a consolidation phase within this uptrend. The bottom of the rising price channel on the weekly chart serves as a...
Month: August 2023
EURUSD Weekly Analysis – August 5, 2023
EURUSD is in a long-term uptrend from 0.9535, and the price action from 1.1032 can be seen as a consolidation phase within this uptrend. The rising trend line on the weekly chart is a key support level...
USDCAD Daily Analysis – August 4, 2023
USDCAD has continued its upward move from 1.3092, reaching as high as 1.3377. The pair is currently encountering resistance at 1.3386. A break above this level could potentially trigger a further upside move towards 1.3500. Immediate support...
USDJPY Daily Analysis – August 4, 2023
USDJPY has continued its upward movement from 138.05, reaching as high as 143.88. The subsequent pullback from 143.88 suggests that a consolidation phase for the uptrend is taking place. It is likely that the pair will experience...
AUDUSD Daily Analysis – August 4, 2023
AUDUSD is in a downtrend from 0.6894, and the recent bounce from 0.6513 could be seen as a consolidation phase within this downtrend. It is likely that the price will range trade between 0.6513 and 0.6620 for...
GBPUSD Daily Analysis – August 4, 2023
GBPUSD is in a downtrend from 1.3141, and the recent bounce from 1.2619 could be considered a consolidation phase within this downtrend. As long as the price remains below the descending trend line on the 4-hour chart,...
EURUSD Daily Analysis – August 4, 2023
EURUSD is currently below a descending trend line on the 4-hour chart, indicating its continued downtrend from 1.1275. The price has extended its fall to as low as 1.0912. As long as the resistance of the trend...
USDCAD Daily Analysis – August 3, 2023
USDCAD has continued its upward move from 1.3092, reaching as high as 1.3352. The analysis suggests that further upside is possible after a minor consolidation, with the next potential target being the previous high at 1.3386. Immediate...
USDJPY Daily Analysis – August 3, 2023
USDJPY is currently in an uptrend, with its origin point at 138.05, and the recent pullback from 143.54 is seen as a consolidation phase within this uptrend. As long as the support level at 141.94 holds, it...
AUDUSD Daily Analysis – August 3, 2023
AUDUSD has extended its downward movement from 0.6894, reaching as low as 0.6526. The analysis suggests that further decline is possible after a minor consolidation, with the next potential target area being around 0.6450. Immediate resistance can...